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Cable: Sep27 close $1.3405,........>

STERLING SUMMARY
STERLING SUMMARY: Cable: Sep27 close $1.3405, Sep28 Asia range $1.3371-1.3408
*Euro-stg: Sep27 close stg0.8775, Sep28 Asia range stg0.8760-73
*The release of strong UK CBI data lifted cable to $1.3428 on Wednesday, but as
traders continued to adjust positions ahead of the US Trump Tax Reform
announcement, another wave of dollar buying took the rate under $1.3400
*BOE Chief Economist Haldane said in an interview with Sky news that an interest
rate rise would be a good news story, cable saw minimal react and closed in NY
around $1.3385/90
*Cable opened firm in Asia, rate tracked euro-dollar back above $1.3400, touched
recovery highs of $1.3408 but with lack of follow through drifted
*As UST yields started to firm, fresh dollar demand extended the corrective
pullback to $1.3371 ahead of Europe
*Euro-stg consolidated in a narrow stg0.8760-73 range.

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